4.0

credits

Average Course Rating

This course (Investing in Emerging Markets) will introduce students to the opportunities, issues, and challenges that come with investing in emerging markets. The course will begin with an introduction followed by a second lecture which will recap the ways in which investment opportunities are analyzed and the investment process. It will then explore the economic structure of emerging markets before reviewing economic growth, business cycles and the linkage between growth and investment returns in emerging economies. The course will then cover the instruments available to investors interested in emerging markets by looking at the capital markets in these economies as well as the alternative investment vehicles that currently exist. The course will then look at the ways in which emerging markets differ from developed markets. Topics covered in this section of the course will include political risk; business culture and practices; economic risk – specifically currency and inflation risk; legal and regulatory risk; integrity issues (corruption, political connections etc.); and practical challenges that are inherent in many emerging economies (poor infrastructure, management skills and practices etc). The lecture series will conclude with a lecture on current topics in emerging markets before providing students a framework through which investments in emerging markets might be considered. To ensure that students are exposed to the practical application of the theory, lectures throughout the course will include practical examples and grading will include a major practical assignment (including a mock presentation to an investment committee) as well as three case studies. This course will not involve any financial modeling, but students will be required to understand corporate accounts and financial projections. <a href="http://bit.ly/1bebp5s" target="_blank">Click here to see evaluations, syllabi, and faculty bios</a>